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LANDSCAPING Shrubs, bushes, trees and the like, on the grounds surrounding a structure. HOMEOWNER'S ASSOCIATION A non-profit association of homeowners organized pursuant to a declaration of restrictions or protective covenants for a subdivision, a PUD, or a condominium. GROSS LEASE A lease of property under which the lessee pays a fixed rent, and the lessor pays the taxes, insurance, and other charges regularly incurred through ownership. DEFICIENCY JUDGEMENT A judgment against a borrower, endorser, or guarantor for the balance of the debt issued when the security for a loan is insufficient to satisfy the debt. APPURTENANT Belonging to; adjunct; appended or annexed. BUFFER ZONE A strip of land separating one parcel from another. HIGH RISE A popular expression for a condominium or apartment building generally higher than six stories. |
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